The GBPUSD pair traded with strong negativity yesterday after breaking 1.3500 level, to reach the expected negative target at 1.3415 direct, starting today with more bearish bias to break this level and settle below it, confirming the turn to decline and head to achieve more negative targets, as we expect to visit 1.3300 areas on the near term basis.
Therefore, the bearish trend will be suggested in the upcoming sessions, noting that breaching 1.3475 will stop the current negative pressure and lead the price to achieve some intraday gains.
The expected trading range for today is between 1.3300 support and 1.3475 resistance.
The expected trend for today: Bearish
Origin: Economies
